If an Employee with Responsibility for Issuing Instruments Forges a Check

question 17

Multiple Choice

If an employee with responsibility for issuing instruments forges a check or other instrument,then any indorsement in the name of the payee,or a similar name,is valid as long as the person who pays the instrument doesn't know of the fraud.

• A)the Imposter Rule
• B)the Conversion Rule
• C)the Employee Indorsement Rule
• D)the Fictitious Payee Rule